A strategic partnership has been established between stc Bahrain and Lionscraft to jointly develop a framework aligned with Web3’s upcoming digital transformation.
The partnership aims to establish stc Bahrain as the leading provider of Web3 framework solutions not only in Bahrain, but also in the wider Middle East region. It will facilitate the development and deployment of innovative Web3 solutions within the country.
The collaboration took place within the Sandbox metaverse, demonstrating the innovative spirit of both organizations. The transaction was additionally structured as a non-fungible token (NFT) on the Avalanche network.
Saad Odeh, the Chief Wholesale Officer of stc Bahrain, claims that the organization will offer a range of Web3 framework solutions that enable robust user exposure while ensuring enhanced data control and user privacy.
Antonio Bartulovic, co-founder of Lionscraft, claims that the organization’s partnership with stc Bahrain will facilitate the creation of a digital infrastructure that promotes innovation and encourages others to contribute to its development. In addition to promoting revolutionary change, the two companies’ collaboration will pave the way for a variety of stc Bahrain-related and Web3-related opportunities.
stc Bahrain is a partner of the stc Group and is actively strengthening its position in Bahrain’s digital, mobile and telecommunications sectors. Since its inception in 2010, it has revolutionized the telecommunications industry and emerged as the pinnacle of the industry. With its stc pay ecosystem products, it surpassed fintech in 2018. Thanks to its status as a market leader over a period of eleven years, the organization has received a total of twenty awards.
The founding of Lionscraft coincided with the advent of the digital revolution. It is a leading Web3 technology and strategy company. It provides advanced business and technical services while improving organizations’ ability to adapt to the ever-evolving Web3 landscape. They are interconnected across diverse corners including finance, technology and communications to drive a paradigm shift in Web3’s journey.